Bangladesh - Paddy Rice - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPaddy Rice Price in Bangladesh - 2022
Contents:
- Paddy Rice Price in Bangladesh (CIF) - 2022
- Paddy Rice Price in Bangladesh (FOB) - 2022
- Paddy Rice Imports in Bangladesh
- Paddy Rice Exports in Bangladesh
Paddy Rice Price in Bangladesh (CIF) - 2022
In 2022, the average paddy rice import price amounted to $2,315 per ton, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. The import price peaked at $2,612 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,299 per ton), while the price for India ($1,782 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced a decline.
Paddy Rice Price in Bangladesh (FOB) - 2022
In 2022, the average paddy rice export price amounted to $1,744 per ton, jumping by 21% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paddy rice export price decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. Over the period under review, the average export prices reached the maximum at $1,859 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($1,941 per ton), while the average price for exports to Ireland ($772 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Paddy Rice Imports in Bangladesh
In 2022, after three years of growth, there was decline in supplies from abroad of paddy rice, when their volume decreased by -0.4% to 5.6K tons. The total import volume increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 9.9%.
In value terms, paddy rice imports reduced to $13M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 3.4% against the previous year. As a result, imports attained the peak of $13M, and then dropped modestly in the following year.
| Import of Paddy Rice in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.5 | 10.9 | 10.2 | 7.8 | -6.4% |
| China | 2.9 | 1.8 | 2.8 | 3.9 | 10.4% |
| Philippines | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
| Others | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Total | 12.4 | 12.8 | 13.3 | 13.0 | 1.6% |
Top Suppliers of Paddy Rice to Bangladesh in 2022:
- India (4.4K tons)
- China (0.7K tons)
- Philippines (0.4K tons)
Paddy Rice Exports in Bangladesh
In 2022, overseas shipments of paddy rice decreased by -4.2% to 226 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 76% against the previous year. As a result, the exports attained the peak of 249 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, paddy rice exports soared to $394K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 202%. As a result, the exports attained the peak of $448K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Paddy Rice in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | 201 | N/A | 349 | 31.8% |
| Ireland | N/A | 0.9 | N/A | 11.5 | 257.5% |
| United Kingdom | N/A | 3.5 | N/A | 7.5 | 46.4% |
| France | 14.0 | 65.6 | 79.3 | 4.8 | -30.0% |
| Mauritius | 26.9 | 23.6 | N/A | N/A | -12.3% |
| Kuwait | 15.9 | 48.0 | 13.8 | N/A | -6.8% |
| Saudi Arabia | 18.6 | 12.5 | 13.6 | N/A | -14.5% |
| Others | 72.9 | 93.5 | 234 | 21.1 | -33.9% |
| Total | 148 | 448 | 341 | 394 | 38.6% |
Top Export Markets for Paddy Rice from Bangladesh in 2022:
- Pakistan (180.0 tons)
- Ireland (14.9 tons)
- United Kingdom (7.1 tons)
- France (4.2 tons)
This report provides an in-depth analysis of the paddy rice market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 27 - Rice, paddy
Country coverage:
- Bangladesh
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bangladesh
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In wholesale prices, the Bangladesh rice market earned total revenues of $X in 2016, which was significantly lower than the highest level of consumption achieved in 2014. This figure reflects the total revenue of producers and importers (excluding l
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Global rice consumption amounted to X tons in 2016 (in terms of milled rice weight), posting modest but robust gains from 2007-2016. The total consumption volume increased at an average annual rate of +X%. Over the period under review, the globa
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This year, rice prices are forecast to ease, thanks primarily to rising production and exports from India, Thailand, Vietnam, China, and Pakistan. India dominates global trade, more than doubling its supplies at a competitive cost over the past two years.
